The organizers of the North American Bitcoin Conference said Thursday that they will no longer take bitcoins as payment for the $ 1,000 they are selling. Turns out, the transaction costs and processing times associated with the volatile cryptocurrency are just too expensive.
This is not new to those who have followed the fluctuations in the bitcoin market, but it is a bad thing for a conference to promote the future of cryptocurrencies. This is not what the organizers intended when they wrote on the website that "cryptographic space keeps exploding".
Probably it was a mistake to try to use bitcoins as currency in the first place. Transactions with Bitcoin are too slow and too expensive and its value is too unstable for it to be a reliable currency for transactions.
This will not prevent the organizers of this conference from trying again next year, however, if there is a year later for bitcoin. "Ticketing service providers like Eventbrite or others do not yet have cryptographic integrations, and I believe that within a year companies like Coinpayments and other payment service providers will have better tools and we will integrate immediately," said Moe Levin organizer. at bitcoin.com.